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Search Results 0 to 49 of about 56 (some duplicates have been removed)
a debt ceiling bill doing nothing but pushing of the problem until making the can down the road. and new york congressman sat -- has me upset tonight. they're going to want to you this. stay with us. albrecht, he could not be more wrong. ♪ gerri: to people in the south cling to their guns and religion? is that part of the country something we need to ♪ gerri: i have to tell you, nothing, nothing gets under my skin faster than and new yorker calling out the south which is exactly what happened recently in a tv interview. new york congressman telling the most other states should adopt gun laws exactly like the one passed in the state of new york. >> new york, it's a little different and more progressive and a lot of areas and some other states. some of the southern areas of cultures that we have to overcome. gerri: cultures that we have to overcome. all right. i forgot. the south is still a backwater to new york. the region languishes in a post antebellum haze of poverty and backwardness. in truth, my friends, the south has benefited from long-term strategies of keeping out unions and
. they want them to just raise the debt ceiling, because not doing it is a ridiculous, self-inflicted economic wound. well, today, republicans decided that we're not going to do in 2013 what we did in 2011. they decided we wouldn't have artificially depressed job growth and economic pain caused by washington for one period of the year like we did in 2011. they decided today that we're now going to have that all the time. we'll do it all the time. yeah, today, the house passed a bill to raise the debt ceiling, but they want to have us hit it again in a few months. they raised the debt ceiling for a few months, instead of just do this once for the year or for two years or in some more permanent way to avoid the self-inflicted economic wound they voted today that we should do this always, every few months, because remember, yeah, obama is a big spender. democrats are going along with it, slowly, but this is what republicans want to be the new normal. whether or not you think there is constitutional support for trying to take this decision out of the hands with congress, what just happened today w
us. so what -- >> pleasure, thank you. ashley: what should congress do before that debt ceiling again comes upon us and what's the likelihood they will do it? >> well i'm not so sure they should be focusing on the short run at all. they should think in terms of what are things they need to do to grow the economy. if you look at the history of economic growth since the economy got out of the recession, formally got out of the recession back in june of 2009, we've had growth of about 2%. the long-term growth rate in this country is about 3%. so, a recovery usually means that you're growing at rates that are better than the average, in order to catch up. we're not even growing at rates near the average. ashley: right. >> what congress and the president need to do is focus primarily on things that would get the growth rates up. i would putnam per one on the list, focusing on the tax code and trying to create a tax structure that is pro-investment, rather than anti-investment. ashley: what we're hearing from the administration is higher taxes, more regulations, bigger government spending.
right now as far as the debt ceiling goes. >> what's that do to economic growth. i mean, many economists say, you know, the debt ceiling debate, no matter what the fiscal cliff deal, take your pick, is going to shave half a percent of gdp in the first quarter of 2013. >> you know what, this is going to sound terrible, i don't put faith in what economists said. over the past two years, going into two double dip recessions. never came about. they don't have a handle on what's going on. investor and consumer confidence is better than anticipated. we'll do well. >> washington, we need tome -- to keep it going. a lot happening now in the oil market, especially with wti, michael, and in particular, the seaway, unclogging, if you will, of crude supplies another inventory build on our hands do you think? >> you know, tell you what, cheryl, i was with traders over the week, and we had customers on a ski trip in colorado, sat down, and talk about things, and, you know, the market, and the other two talking about this, there's confidence going forward, the markets going higher, commodity prices hig
of the hour. the house of representatives yesterday voted overwhelmingly to lift the debt ceiling and to do so not for -- final vote was 285-144. to do so through mid may. they dropped their demands for deep spending cuts in social security and medicare as a price for raising the debt ceiling. so what is this all about? where do we go from here? michael is the finance writer for yahoo news. joining us on our news line this morning. good to have you with us. >> good morning, bill. >> bill: first of all what caused this course correction or this change of course i should say maybe for republicans? >> seemed to be an issue that the conclusion was on the republican side, it couldn't be won as a tactical measure this isn't 2011 when they went down to the brink and markets threw a tantrum. in retrospect, they didn't extract much from it. i do think you've had the sense it was going to get raised, are we going to make this false battle. that was going to be pinned on something very specific. honestly, i think both sides right now prefer to kind of operate with this debate in the realm of ten-year bud
. the speaker, house republicans demand democrats coming together to pass the debt ceiling extension. and a balanced budget in ten years? too good to be true? [ heart beating, monitor beeping ] woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. ♪ lou: the house passing a three month extension of the debt ceiling. favorable reviews from both the president and the senate leaders. the "a-team" on a suddenly cooperative government or at least an episode of cooperation. we will be taking that up with the next. stocks moving higher. good earnings from ibm come mcdonald's, with the dow and s&p climbing to new five-year highs. ibm accounting for 66 of the dow's 67 points a game today. the s&p up, the nasdaq ten and a half. ten and a half bil
and then the budget is on april 15th. there will be two more fights before we get back from the debt ceiling. why did they do this? i'll bring in a couple of guests to sort that out. first of all grace she wrote a very good piece about that today. and our own political correspondent michael shure and he joins us here. grace, i have a theory, and i'm going to read a quote from chris chocola. he said, the club for growth will not oppose tomorrow's vote on the debt ceiling. the club for growth will, on the other hand, strongly oppose any efforts during the upcoming debate over the continuing resolution and sequester that fail to arrest out-of-control spending and put sensible limits on the growth of government. let me put me read on that, it's too hard. first of all am i reading that right. >> i think you are reading that right. the republicans realize that they're at a disadvantage. their message has not been working, and they're more likely to get the spending cuts that they want in a budget fight than a long-protracted fight over the debt ceiling. >> cenk: i'm going to be controversial. i don't think
of presidential campaign. fail to take advantage of the fiscal cliff moment, get in front of the debt ceiling, and they cannot do anything that would create anton the gun debate is going on. it does not make any sense right now. lou: we will come back with "a-team." trying to roll the republicans. it does not look like they're going to get close. we will have a lot more fun about this. how well the republicans do. it will take that up. and coming up tomorrow, the governor of the great state of nebraska joins us approving the keystone xl pipeline today. he will be here to talk pipeline politics and business. conservative columnist and author, a pulitzer prize-winning journalist among our guests it's evolved as the be with us. please go to loudobbs.com to get the last hour facebook page. twitter. send us an e-mail. for coming right back with "a-team." rd from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great busine
payne sick you. don't like this. >> absolutely not. i think the debt ceiling punt was the latest example of this. the president says, if we don't do this the market is going to implode and congress puts its tail between it legs. i haven't heard anything from s&p or moodies who say we want the debt ceiling to go higher. everybody watching this show who has cut back 0, government has to learn how to do the same thing. it's cowardly in washington to continue to hide behind the notion that we're going to collapse overnight as a nation if we don't keep spending ourselves to death. >> i agree. congressmen have basically sent a message that today is not the day we're going to stop spending our children's and grandchildren's money, and charles is exactly right. the reason why our credit got downgraded is because of our out of control spending and out of control debt. the fiscal cliff deal even we just witnessed, it's such -- added four trillion dollars to our deficit over the next ten years. so, congress is not serious about reigning in spending and that's exactly when the we need to too. >> but
said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in the 1990s. that didn't didn't work too well. they're focusing on what is called the sequester, which are across the board spending reductions. that's where i think they will make their stand. we'll have a good robust debate about the level of spending we'll have in this country. the cuts in the sequester are too much for the pentagon for republicans to like. that will be focus rather than having republicans blamed for defaulting on the debt or shutting down the government. that was a shrewd move on their part. melissa: everybody talks about we need to get entitlement spending uncontrol. we need to balance
on the debt ceiling. we have an expert on that. i think that's really interesting, and what do they plan to do on the budget fights instead. and then there is an unbelievable documentary on how wall street got away with clear criminal action. it's a devastating story. i can't wait to share it. >> jennifer: all right. cenk uygur "young turks" at the top of the hour. thanks, cenk. >> thank you. >> jennifer: now we're going to turn to a story about equality. located in the nation's capitol, washington national cathedral is the sixth largest cathedral in the world, and the second largest in the united states. it was built in 1792. it is magnificent. it has hosted many important events. it is also a place where local d.c. resident goes to pray and baptize their children and get married. and now for the first time in the institution's more than 200-year history, gay couples can officially get married at the cathedral too. here to tell us about this exciting development is the dean of the national cathedral, the very reverend gary hall. he comes to us from washington. welcome i
report. we do continue to climb higher. lawmakers coded to suspend the debt ceiling -- lawmakers voted to suspend the debt ceiling. netflix was about 30% higher in the pre-market. they signed about two million subscribers in the past quarter. debt collectors are tracking people on facebook and twitter. new restrictions on how debt collectors can be allowed to contact you. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. back to you. >> now weather and traffic together on the 1's. >> said here is tony. tehre yhere you go. >> we had a clipper storm come through last night. it is not a lot of snow but there could be some slippery spots. light snow at the airport. that to taper off within the next few hours. mostly sunny this afternoon. sunshine this afternoon and cold temperatures. >> good morning. secondary roads are worse than the primary roads. this is the westbound span of the bay bridge. the left lane is close with an accident. word of a crash was bound 100 at oakwood. westbound 70 at 29, continued problems because of a crash. 32 eastbound, another
to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terrorist attack and misled the public saying this on "meet the press." >> what happened in benghazi was in fact initially a spontaneous reaction to w
of the disappearing debt ceiling, ezra klein is here to solve it. and yes, george takei is here to solve whatever he wants to solve. and wayne lapierre, in his supreme court argument, without ever mentioning that same supreme court justice disagreed with wayne lapierre on the second amendment, coming up. e ne prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood pressure. and the only one i use to relieve my cold symptoms without raising my blood pressure. coricidin hbp. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> coming up, john boehner's miracle. he actually made the
now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmicknd saia 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling after a strategy session last week. worried that they have lost the public debate, republicans were clearly trying out a new message tod. >> balancing the budget over the next ten years means we save the future for our kids and our g
the debt ceiling is scarier than the fiscal cliff. ♪ . ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ sandra: time for a look at today's market drivers. it was a mixed day on wall street. the dow and s&p 500 extending gains while the nasdaq lost ground. the dow finishing higher for the fifth straight day in a row and s&p 500, its 7th straight day of gains. consumer discretionary and health ca
way of doing it. >> well, i love the idea, i think the only problem with the suspend the debt ceiling and make it go away, is a three-month part, suspend it. but the no pay, is getting misreported. i imagine this is part of the 27th amendment you point out, it is not no budget, no pay. if they don't pass a budget they don't get paid until the final day of the session. it is no budget, you get paid later. but you get all of your money kept in an escrow account, all handed to you on the last day of the session. it is not the same as no budget, no pay. just one more thing about the bill that is not quite on the level. >> and it is not actually a budget they're talking about. all they're talking about is each body talking about passing a resolution, which is not a law, and doesn't change anything. it is just a resolution, a promise to do something in the future. and the way they have written it, apparently ezra, if the senate passes one, then okay, the senate can get paid. if the house passes one then house members can get paid. but the 27th amendment very simply says no law varying the c
't simplify it and say, stop spending. the problem is that the debt ceiling has nothing to do with the full faith and credit of money that's already spent. and that we have plenty of time to talk about taxes and spending, if we talk about concurrent resolutions, if we were talking about sequestration. if what you're saying is that if there's a budget that i have to vote yes or no on, and one budget says that one way to close and reduce the deficit is to go after the people that are the poorest, the most sick and the oldest and call that entitlement cutbacks, and if i don't vote for that, then it means that the government is not going to pay me, i can go home very easily and tell them a bad budget is worse than no budget and once again, we are holding the spending cuts that a will the -- a lot of people want that should be negotiated hostage. perhaps we've not a three-month -- we've got a three-month reprieve. but the fact remains this is holding up the president and our country from getting on with what we should do, when the impact, fiscal impact of this on our country throughout the world
on the debt ceiling. congressman chris van hollen takes us into the funny numbers he had to push. >>> if you want another concord bridge, i got some buddies. >> ted nugent is assembling a moron militia. we'll show you what he is going to be up against. >>> the transaction tax. americans pay it every day on everything we buy. but why doesn't wall street have to pony up? >>> and the latest on the quest for filibuster reform. will the senate actually change the rules and get something done? senator bernie sanders with us tonight. >> good to have you with us tonight, folks. thanks for watching. if you wanted to know why congress has a record low approval rating, all you had to do was watch the circus on capitol hill today. outgoing secretary of state hillary clinton testified before senate and house committees today about the attack on the u.n. consulate in benghazi, libya. the committee members already have access to the full accountability review board report on the attack, as well as classified intelligence reports. secretary clinton has repeatedly taken responsibility for state department fa
the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >> the democratic controlled senate is expect to do approve the debt bill. it has not pass add budget in four years. >> phil mickelson wasn't talking about his guolf game. he was teeing off over another apology about his tax comments. >> i have made some dumb, dumb mistakes and obviously talking about this stuff is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change. >> mickelson hinted earlier this week he may leave california or the united states because of how much he's paying in taxes. california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods mo
well, it's under cutting their own ideas. take for instance, raising the debt ceiling. something that everyone agrees need to be done. well, good news. by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes necessary to reinstitute the talking filibuster even through the so-called nuclear option, even though everyone seems to want it. the last hope in filibuster reform is harry reid's great compromise of needing 41 votes to maintain a filibuster but i'm confident that the democrats will find some way to back down from that, too. joining me now the only one and only michael tomasky. starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to
to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and many developing economies. we have to bring those down to create a nice fundamental situation. that provides a lot of opportunity for policymakers to make mistakes or mess things up. and the extension in front of -- a sequester coming. the extension of the budgets for the coming year, in europe we still have spain refinancing 20% of gdp in debt, more than enough opportunities, that is not a best case. >> you are talking about the united states, the worst enemy at this point. to get these jobless claims at week 5-year lows, nice to see but if unemployment is at 10%, in range for 2013, and it will take 1/2% of of the gdp, no jobs, don't even have an economic recovery and no jobs. >> not necessarily a bad economy, we are in an okay economy, not great because 1/2%, from a fiscal austerity coming through the pike, the job situation is improving gradually, housing is and i s
. and house nearly three months to raise the debt ceiling. >> look, i understand why they want to move the initiative forward and i think there is some strategicty to the way they're doing it it and i believe the second part the of it it, congress shouldn't get paid unless a budget is passed. no one wants to miss a paycheck certainly, but i think it's a very valid point and i think that it's not unfair to say to the people if you're not going to do your job, you shouldn't get paid. >> greta: and we keep getting these, like goal posts and mile posts and three more months. >> absolutely. >> greta: six more months and another excuse-- >> in fairness, i think it's the house. if they believed they could pass a bill out of house that not only dealt with the debt limit, but with our debt problem and passed out of the senate and signed by the president they would do it in a heartbeat. that's not what they're facing. they want facing a president that wants unconditional limits and the senate hasn't passed a budget in days. i think they're trying to make the best of a bad situation. absolutely w
of the government over the debt ceiling is off the table for now. the international monetary fund expects good economic growth worldwide. u.s. agriculture is doing very well. plus, yet another critical mega trend. >> the housing sector has been doing well with people moving out and establishing their own households. >> reporter: more and more investors are moving out of lower-paying but more secure investments. >> you had a mad race out of equities in 2007, 2008, 2009, and now here at the end of 2012, 2013, you're seeing a great rotation back into equities, because there's a better rate of return. >> reporter: but more convincing lays ahead. >> i still say that the economy is still pretty dismal. >> reporter: also, in after- hours trading, netflix was up over 30%, after a suspected loss actually turned out to be a profit. reporting live, ktvu channel 2 news. >>> on wall street today, strong earnings from google. >>> the house of representatives today passed a measure that temporarily averts a crisis over the nation's debt limit. on a bipartisan vote, the measure allows the government to borrow
will not consider another debt ceiling increase unless the senate passes a budget the reader not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't have to make fundamental cuts in entitlements. i think that's wrong. i think we have to make substantial cuts in entitlements. we should make substantial cuts in many other components of expenditure as well, defense and nondefense in that trying to address our long term fiscal situation with higher taxes is is going to destroy the economy. gerri: democrats are beating the drum on this already. anyone you listen to from that side of the house is really talking about higher taxes. republicans and conservatives in general li
, to push that dlaeadline t months, to have it match the debt ceiling, to have both sides hammer out their budgets? >> no, i don't think so. i think what we need to do is to decrease spending at the level that we are right now, which is the $974 billion. that's what the spending reductions from the budget control act of august 2011 brought in place. continue on that vein until we see what the, again, the senate's plan is. april is the statutory deadline -- >> so we could see a budget shutdown here, if there's no solution on even just extending temporarily funding of the government? >> we're not interested in a shutdown. if the president wants a shutdown -- again, you noted. we're the minority party in washington. if the majority party wants a shutdown, then we'll shut down. but that's not what we want. we want responsible spending, get our fiscal house in order, get on a responsible path to create jobs, and those are real solutions we'll put on the table. >> let me ask about your political future. are you thinking about challenging senator saxby chambliss in 2013? >> that's all too p
are a republican. you are republican now. you are with republicans in the house. >> the debt ceiling, they could have the focus on entitlement reform. hopefully that is what we will do over the next 90 days. hard-working officials in the house and reform. stuart: come back and contradict the president any time you like. next a man who does business with microsoft sells software but is still critical of the company's the executive as am i. why can't microsoft be the one to challenge apple? what will it take? the man from microsoft is next. [ wind howls ] [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ stuart: it looks like apple's pain is a gain for its competitors. tell me how. nicole: let's take a look at the competitors. research in motion, new multi-year high, apple is down 10%. seeing research in motion, google, yahoo! microsoft, amazon with the arrows, some of which are hitting multi-year highs. google isn't 1.8%, same with yahoo! and microsoft. our viewers -- stuart: thank you very much for that little plug. avalanche netflix making ne
, you know, when it comes to this debt ceiling issue, or it comes to who's going to be elected, or health care issues or what have you. how is that -- how do you put that in to your investing hat? >> well, everything is a transaction, and it won't have an effect on prices, in any event, unless it has an effect on a transaction. so what i do is i know who the buyers and the sellers are. and then by thinking that through, i think how will it have an effect on transactions. far more important than, over the long term, the leader of a country will have some effect on the whole overall health of the economy. but even -- they can't even res. they're, you know, it's a very difficult challenge. the whole political system. you could be president of the united states and it doesn't mean you can change policy. then, if policy changes, it has to basically change the things that produce -- have an effect on productivity. it's something that's peripheral largely. like, for example, a bigger issue is how does financial transactions work such as if you lower interest rate, and you have nothing
a debt ceiling raiseded, that will be raised for a year, maybe two. that's all we're going to get, and we'll be in the soup and having the same conversation. >> do you think that's true even if -- i mean, this is a pie in the sky scenario. what if the republicans lose the house in 2014? we are looking at the numbers as they do, they lost -- the notion that they could get a balanced budget plan in ten years is basically poppy cock, and would you have to cut discretionary spending in half in order to do that. >> frank is also right. democrats will have to come to the table too. you have to ultimately balance the budget. you can'tco what we're doing no matter what side of the aisle you're on, and so, you know, whether you think the democrats take the house or whether the republicans keep the house, ultimately something has to happen, and by the way, i do expect the democrats will come to the table with something because i think if they don't, i think that the general public is actually much more in the middle than after the election results ultimately suggests. >> oh, andrew. >> that is a gr
Search Results 0 to 49 of about 56 (some duplicates have been removed)